The signal line (9 days) is the 9 day EMA of MACD
How do work out the EMA of a MACD when EMA involves closing price, and MACD does not? (Formula is from shockcharts.com)
I found Signal Line = MACD * Multiplier + SMA[of 9 days] * (1-Multiplier), is this correct?
I m just starting out and trying to get my head about some of the calculations, I understand there not elemental, I would like to understand how they work before I rely on them.